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Wuhan Steel Group Seeks More Iron Ore Assets Overseas
Wuhan Iron & Steel Group, China’s third-biggest steelmaker, is seeking to invest in more overseas iron ore assets to cut reliance on expensive imports, General Manager Deng Qilin said.
“We aim to be self-sufficient in iron ore supplies in three to five years and reduce purchases,” Deng, who’s also chairman of the China Iron & Steel [...]
Chinese Steel Producer, Angang Steel Co. To Increase Stake in Australian Iron Ore Company, Gindalbie
Australia has allowed Chinese steel producer Angang Steel Co Ltd to increase its stake in Australian iron ore miner Gindalbie Metals Ltd to 36%, said Wayne Swan, the Treasurer of Australia.
The Biggest Mining Company, BHP Billiton Selling 28% of Iron Ore Mine Production at Forecast Decline in Contract Prices
BHP Billiton Ltd., the world’s largest mining company, sold 28 percent of its iron ore output at cheaper spot prices after customers deferred deliveries ahead of a forecast decline in contract prices.
China Steel Company May Boost Coking Coal Import After International Coal Mine Prices Dropped
China, the world’s largest steelmaking nation, may boost coking coal imports after international prices dropped, a research company said.
